Greek Finance Minister Yanis Varoufakis will visit the European Central Bank (ECB) in Frankfurt today, an ECB spokesman said. The spokesman gave no details of the timetable of the visit or if Varoufakis will meet ECB chief Mario Draghi, but the ECB's policy-setting governing council is scheduled to meet today and vote on whether to provide emergency liquidity assistance (ELA) to Greek banks.
Varoufakis already paid a visit to his British counterpart George Osborne in London on Monday as he seeks to build support for a renegotiation of his country's 240 billion euro bailout. In a flurry of diplomacy, Greece's new Prime Minister Alexis Tsipras phoned Draghi and booked meetings with Italian Prime Minister Matteo Renzi, French President Francois Hollande and European Commission President Jean-Claude Juncker for this week. Varoufakis has said he feels it is "essential" to meet his German counterpart, Wolfgang Schaeuble, as Germany has shouldered the bulk of Greece's loans and is fiercely opposed to writing off any of that debt.
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